IBM
International Business Machines CorporationEvidence as of 2026-09-12The desk's Snapshot
3 of 15 open to everyone · members see allRead the full desk report on IBM
Seven analysts, the debate, the risk review, every claim cited. And the same for every name you hold.
Free plan, no credit card required. Silver opens the full report, $19.99 a month. AI-written · every claim cites a source · Insight, not advice.
Overview · International Business Machines Corporation
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artifi…
Management team
- Mr. Alexander Franz Stern · Senior Vice President of Strategy & M&AFind on LinkedIn
- Olympia McNerney · Global Head of Investor RelationsFind on LinkedIn
- Mr. Robert D. Thomas · Senior VP of Software & Chief Commercial OfficerFind on LinkedIn
- Ms. Anne E. Robinson · Senior VP & Chief Legal OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.4 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
Revenues rose from $ 15,917,000,000 in fiscal Q1 2026 (fiscal quarter ended 2026-03-31) to $ 17,162,000,000 in fiscal Q2 2026 (fiscal quarter ended 2026-06-30). Gross profit increased from $ 8,950,000,000 in fiscal Q1 2026 to $ 9,907,000,000 in fiscal Q2 2026, implying an expansion in gross margin from about 56.2% to about 57.7% on the reported figures.
Net income rose from $ 1,216,000,000 in fiscal Q1 2026 to $ 2,165,000,000 in fiscal Q2 2026, and diluted EPS increased from $ 1.28 to $ 2.27 over the same 3‑month periods. Point‑in‑time cash and cash equivalents fell from $ 13,587,000,000 as of 2025-12-31 to $ 7,172,000,000 as of 2026-06-30, while long‑term debt noncurrent showed fluctuation across the sampled dates. Market signals show elevated volatility (90‑day annualized volatility + 64.6%, 95th percentile in the sample) and short‑term negative price momentum ( 3‑month momentum - 11.5% as of 2026-09-11). The desk characterizes the evidence balance as Cautious ( - 0.4 of a possible + 2; confidence high).
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenues rose from $15,917,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) to $17,162,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0000051143-26-000038Gross profit increased from $8,950,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) to $9,907,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo), implying a gross margin that expanded (8,950/15,917 ≈ 56.2% in Q1 versus 9,907/17,162 ≈ 57.7% in Q2 using the reported figures).
XBRL companyfacts · 0000051143-26-000078Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
In the 10-K filed 2026-02-24, the company added a risk titled broadly that "The Development and Use of AI, including the Company’s Increased AI Solutions and Use of AI Technologies, Could Impact the Long-Term Success of the Company and its Reputation or Give Rise to Legal or Regulatory Action."
10-K filed 2026-02-24In the 10-K filed 2026-02-24, the company added a risk emphasizing "Cybersecurity and Data Protection Considerations Could Impact the Company’s Business," calling out evolving threats, third‑party exposures, and potential impacts including unauthorized disclosure of data and interruptions to operations.
10-K filed 2026-02-24Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
IBM's 3-month price momentum was -11.5% as of 2026-09-11.
Moneyta signal set · 2026-09-11IBM's 12-month minus 1-month momentum (momentum_12_1) was +1.7% as of 2026-09-11.
Moneyta signal set · 2026-09-11weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional reported 13F holdings held a total value of $144.47B as of the reporting period ended 2026-03-31, with BlackRock, Inc. reported at $18.80B and VANGUARD CAPITAL MANAGEMENT LLC at $14.75B.
13F holdings · 3462 filers · as of 2026-03-31The same 13F disclosure shows a quarter-over-quarter total value decline of -20.0%, 406 exited positions, and a net holder count decline of 228 for the period ended 2026-03-31.
13F holdings · 3462 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple Yahoo Finance headlines on 2026-09-10 and 2026-09-11 cover an IBM-linked 'Lunar AI' model and say the model 'beats mapping methods by 23%'.
News · finance.yahoo.com · 2026-09-11A Yahoo Finance item on 2026-09-11 reports IBM is expanding its quantum footprint with a new ETH Zurich hub to bring advanced computing to Swiss researchers and businesses.
News · finance.yahoo.com · 2026-09-11Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Senior Vice President Thomas Robert David sold 25,000 shares for "$5.8M" on 2026-08-26.
Form 4 · Thomas Robert David (Senior Vice President) · $5.8M sold · 2026-08-26Vice President, Controller Fehring Nicolas A. reported an action coded "G" for 400 shares with a reported value of "$0" on 2026-06-04.
Form 4 · Fehring Nicolas A. (VP, Controller) · $0 code G · 2026-06-04Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The market price used was $243.29 as of 2026-09-11 and the model reports an implied free cash flow (FCF) growth rate of 0.74% per year.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve‑month FCF is $16,466,000,000 and FCF per share is $17.2733, producing a price-to-FCF multiple of 14.08 at the stated price.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Recent SEC‑filed quarterly results show sequential improvement across top‑line and profitability measures: revenues, gross profit (and gross margin), net income and diluted EPS all rose from Q1 to Q2 2026 — these are strong primary data points from company filings. Trailing cash flow and valuation metrics in the dataset (P/FCF ~14, FCF per share = $17.27, TTM EPS = $7.70) and a modest implied FCF growth rate (0.74%) provide a market‑based valuation context that can be read as supportive of fundamental strength given the operating cash flow scale (evidence: model outputs and trailing FCF). Institutional and ETF holdings (large reported 13F values and inclusion in major tech/broad ETFs) plus a relatively attractive dividend yield percentile and low beta/low correlation to SPY strengthen the read that the company remains a material, liquid holding in major portfolios (sources: 13F, ETF snapshots, market signals). While volatility and some balance sheet/capital‑structure items appear in the record, the core operating improvements and cash‑flow/valuation datapoints are directly reported and therefore the strongest pieces of evidence in favor of a favorable operational read (evidence strength: SEC filings and reported market/valuation outputs are high strength).
Chair's verdict, claim by claim
Fragility · computed, not argued
diversified0.28
37 surviving claims rest on 20 distinct sources; the heaviest analyst carries 16% of them, and 97% of what the desk raised survived the debate.
The evidence set rests on a moderate breadth of sources but with some concentration: 37 surviving claims draw from 20 distinct sources and a single analyst or contributor accounts for a meaningful slice of the assertions. The high internal survival rate (97%) means the desk largely concurred on these reads; that raises the chance that unchallenged assumptions or common-source biases persist, so treat the aggregate read as informative but not immune to revision if new primary documents or independent checks surface.
Peer context · computed, not argued
12-1 momentum ranks 2nd of 10 in Information Technology Services (as of 2026-09-11).
90-day volatility ranks 3rd of 10 in Information Technology Services (as of 2026-09-11).
dividend yield ranks 4th of 10 in Information Technology Services (as of 2026-09-11).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
11 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.2 to the score
8 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.5 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.3 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.3 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
2 filings
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−0.3 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on IBM Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Get this for the names you actually hold
Every name in your portfolio, researched the same way, plus the one thing no sample can show: how each one sits inside what you already own.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.